NEW CITY LOAN
Ji ■+■ Ratio of Material to Labour The Deputy-Mayor (Councillor M. F. Luckie) stated yesterday that so . far no reply had been received from the Government as to the condition imposed by the City Council in connection with a possible new loan for unemployment relief. In granting a subsidy on such loans in the past, he said, the Government had insisted that not less than 60 per cent, of the total should be expended on labour. This rule had applied to unemployment loan works carried out in Wellington during the last two years, notably on the airport and reserve—making jobs at Lyall Bay, the approaches to the new Mount Victoria tunnel, and the big earthworks at Sydney Street West Such works had come to an end, and the city had no other necessitous undertakings on which 60 per cent of the money could be directly earmarked for labour. The council was asking the Government to give further consideration to the terms of the subsidy, even to reducing the labour ratio to 40 per cent of the total, allowing 60 per cent, for material engineering, transport and clerical charges. The Deputy-Mayor hopes to hear something definite from the Government to-day.
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Bibliographic details
Dominion, Volume 23, Issue 219, 12 June 1930, Page 10
Word Count
201NEW CITY LOAN Dominion, Volume 23, Issue 219, 12 June 1930, Page 10
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